T 
Texas Pacific Land TPL · USD
Energy · Oil, Gas & Consumable Fuels · US listing · 🇺🇸 United States
S&P 500
278.28
+2.17%
Close of 9 Nov 2026, in USD
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$798.2m
FY2016FY2025
Net income
$481.4m
FY2016FY2025
Free cash flow
$486.4m
FY2016FY2025
Shareholders' equity
$1.46bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $798.2m | $705.8m | $631.6m | $667.4m | $451.0m | $302.6m | $490.5m | $300.2m | $132.3m | $59.9m |
| Gross profit | $682.1m | $634.5m | $583.3m | $634.5m | $421.5m | $270.0m | $460.8m | $286.5m | $131.5m | $59.9m |
| Research and development | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Operating income | $592.2m | $539.1m | $486.1m | $562.3m | $362.4m | $217.3m | $401.8m | $260.8m | $119.8m | $55.1m |
| Net income | $481.4m | $454.0m | $405.6m | $446.4m | $270.0m | $176.0m | $320.9m | $209.7m | $76.4m | $37.2m |
| Diluted earnings per share | 6.97 | 6.57 | 5.87 | 6.44 | 3.87 | 2.52 | 4.60 | 3.00 | 1.08 | 0.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.62bn | $1.25bn | $1.16bn | $877.4m | $764.1m | $571.6m | $598.2m | $285.1m | $127.5m | $62.5m |
| Cash and short-term investments | $144.8m | $369.8m | $725.2m | $510.8m | $428.2m | $281.0m | $303.6m | $119.6m | $79.6m | $49.4m |
| Total liabilities | $164.4m | $115.6m | $113.2m | $104.5m | $112.4m | $86.5m | $86.0m | $40.4m | $48.3m | $14.8m |
| Shareholders' equity | $1.46bn | $1.13bn | $1.04bn | $772.9m | $651.7m | $485.2m | $512.1m | $244.7m | $79.2m | $47.6m |
| Shares outstanding | 69m | 69m | 69m | 69m | 70m | 70m | 70m | 70m | 70m | 71m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $545.9m | $490.7m | $418.3m | $447.1m | $265.2m | $207.0m | $342.8m | $195.4m | $93.8m | $41.0m |
| Capital spending | −$59.5m | −$29.7m | −$15.0m | −$20.9m | −$15.5m | −$22.0m | −$37.2m | −$47.9m | −$18.7m | −$977,000 |
| Free cash flow | $486.4m | $461.0m | $403.3m | $426.3m | $249.6m | $185.0m | $305.6m | $147.6m | $75.1m | $40.0m |
| Dividends paid | −$147.8m | −$347.3m | −$100.0m | −$247.3m | −$85.3m | −$201.7m | −$46.5m | −$31.7m | −$10.7m | −$2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $246.1m | $236.8m | $211.6m | $203.1m | $187.5m | $196.0m | $185.8m | $173.6m |
| Gross profit | $246.1m | $194.4m | $16.8m | $171.7m | $165.4m | $172.9m | $165.4m | $161.8m |
| Operating income | $191.8m | $182.3m | $149.2m | $149.1m | $143.8m | $150.1m | $142.5m | $127.3m |
| Net income | $153.9m | $142.9m | $123.3m | $121.2m | $116.1m | $120.7m | $118.4m | $106.6m |
| Diluted earnings per share | 2.23 | 2.07 | 1.79 | 1.76 | 1.68 | 1.75 | 1.71 | 1.54 |
| Cash from operations | $172.0m | $162.0m | $113.0m | $154.0m | $120.0m | $156.0m | $126.0m | $118.0m |
| Capital spending | −$21.0m | −$7.0m | −$28.0m | −$18.0m | −$3.0m | −$8.0m | −$13.0m | −$128.0m |
| Free cash flow | $151.0m | $155.0m | $85.0m | $136.0m | $117.0m | $148.0m | $113.0m | −$10.0m |
| Total assets | $1.86bn | $1.75bn | $1.62bn | $1.52bn | $1.40bn | $1.35bn | $1.25bn | $1.18bn |
| Cash and short-term investments | $248.6m | $247.6m | $144.8m | $531.8m | $543.9m | $460.4m | $369.8m | $533.9m |
| Debt | — | — | — | $1.2m | — | — | — | — |
| Shareholders' equity | $1.67bn | $1.56bn | $1.46bn | $1.37bn | $1.29bn | $1.21bn | $1.13bn | $1.05bn |
Financial ratios
Data as of 21 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 85.5% | 89.9% | 92.3% | 95.1% | 93.5% | 89.2% | — | — | — |
| Operating margin | 74.2% | 76.4% | 77.0% | 84.3% | 80.4% | 71.8% | — | — | — |
| Net margin | 60.3% | 64.3% | 64.2% | 66.9% | 59.9% | 58.2% | — | — | — |
| Return on equity | 33.0% | 40.1% | 38.9% | 57.8% | 41.4% | 36.3% | — | — | — |
| Return on assets | 29.7% | 36.4% | 35.1% | 50.9% | 35.3% | 30.8% | — | — | — |
| Free cash flow yield | 2.5% | 2.1% | 1.8% | 1.9% | 1.1% | 0.9% | — | — | — |
| Revenue growth | 13.1% | 11.8% | -5.4% | 48.0% | 49.1% | -38.3% | — | — | — |
| Earnings growth | 6.0% | 11.9% | -9.1% | 65.3% | 53.4% | -45.1% | — | — | — |
| Current ratio | 4.40x | 8.33x | 13.68x | 11.15x | 7.80x | 23.47x | — | — | — |
| Debt to equity | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.05x | — | — | — |
| Equity ratio | 89.9% | 90.7% | 90.2% | 88.1% | 85.3% | 84.9% | — | — | — |
| Interest coverage | 858.20x | — | — | 85.87x | 21.47x | 12.93x | 34.67x | — | 1425.90x |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Buybacks as a share of market value | 0.0% | 0.1% | 0.3% | 0.5% | 0.1% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.1% | 21.4% | 26.0% |
| Operating income | 1.7% | 22.2% | 22.9% |
| Net income | 2.5% | 22.3% | 25.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 87.5% | 90.4% | 90.7% | 91.9% |
| Operating margin | 75.2% | 77.8% | 77.6% | 79.5% |
| Net margin | 62.2% | 63.8% | 62.8% | 63.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 41.2 | 56.1 | 29.8 | 40.5 | 35.8 | 32.0 | 18.9 | 20.1 | 45.8 | 63.3 |
| Price to sales | 24.8 | 36.1 | 19.1 | 27.1 | 21.4 | 18.6 | 12.3 | 14.0 | 26.4 | 39.3 |
Market value over time
31 Oct 2016 to 18 Sept 2026, in USD
$2.12bn$24.35bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -20% | 105% | -34% | 105% | 67% | -5% | 66% | 12% | 38% | 141% |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 1 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.80 | 2.133 | 5.036 | 1.444 | 3.555 | 1.222 | 2.889 | 0.667 |
- 3-for-1 split · 23 Dec 2025
- 3-for-1 split · 27 Mar 2024
- 5-for-1 split · 13 Jul 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.